Thursday, March 29, 2012 4:54:18 PM
BUTLQ - KMAG & Others
You know - those stocks listed as Caveat Emptor on OTCMarkets. No level 2 information is available about them, so you can't see who's bidding, buying, and selling. There is no "tape" to read.
I some cases, you can't even get good charts of 'em. E.g., Stockcharts will not pull up a chart for BUTLQ, however it will pull up KMAG.
Pennystockotc shows a large spike on the chart. According to Barchart.com, BUTLQ ramped up to attain a height of 300%. This was not a single aberrant transaction. Rather the price ramped up over several minutes, after which the bottom fell out of it. Was the price deliberately ramped up? I really can't say, because I can't see the order flow. Here is a snapshot of the 10 minute chart:
KMAG - also a Caveat Emptor stock - may be charted at Stockcharts. It has been a monster stock for some weeks. Anyone who'd have caught the entire run would quite nearly have landed a ten bagger.
The companies both appear to be legitimate. What to do?
http://www.butler.com/Home.aspx
http://www.kmaglobalsolutions.com/
You know - those stocks listed as Caveat Emptor on OTCMarkets. No level 2 information is available about them, so you can't see who's bidding, buying, and selling. There is no "tape" to read.
I some cases, you can't even get good charts of 'em. E.g., Stockcharts will not pull up a chart for BUTLQ, however it will pull up KMAG.
Pennystockotc shows a large spike on the chart. According to Barchart.com, BUTLQ ramped up to attain a height of 300%. This was not a single aberrant transaction. Rather the price ramped up over several minutes, after which the bottom fell out of it. Was the price deliberately ramped up? I really can't say, because I can't see the order flow. Here is a snapshot of the 10 minute chart:
KMAG - also a Caveat Emptor stock - may be charted at Stockcharts. It has been a monster stock for some weeks. Anyone who'd have caught the entire run would quite nearly have landed a ten bagger.
The companies both appear to be legitimate. What to do?
http://www.butler.com/Home.aspx
http://www.kmaglobalsolutions.com/
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